After the recent introduction of the N5000 note, the Central Bank Of Nigeria has not stopped surprising the nation.

According to the information gotten today, CBN is about to introduce an Automated Teller Machine(ATM) that can dispense coins.

This was said by the Head of the Shared Service of CBN,Mr.Chidi Umeaono.

He said this in Lagos that the Bank will facilitate the introduction of the coin dispensing ATM.

COIN DISPENSING ATM MACHINE

He said that this plan was in tune with the currency restructuring exercise and would change the misconception about the use of coins

To achieve this, the bank would facilitate the inclusion of a process called “add-on” to the ATMs. Already, most existing ATMs have the “add-on“ feature that will easily make them adapt to coins dispensing, he said.

He also added that the proposal is in consonance with the CBN’s cash-less policy and also in line with the CBN’s effort to encourage Nigerians to appreciate coins

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